Home | News    Monday 18 August 2014

Sudanese consumers hit by spiralling food prices

separation
increase
decrease
separation
separation

August 17, 2014 (KHARTOUM) – Sudanese markets are witnessing a new wave of price increases to food commodities despite the stability of the exchange rate against the US dollar at around 9.5 pounds (SDG).

JPEG - 41 kb
FILE - Men wait to buy meat at the market in Khartoum, Sudan (REUTERS/Mohamed Nureldin Abdallah)

The prices of cooking oils went up along with onions, meat, milk and dairy products, which prompted the government to reduce the tax on imported oil by 30% in an attempt to rein in prices.

The price of a 16kg can of peanut oil rose to 550 SDG up from 170 SDG, while other kinds of cooking oils reached 450 SDG, with the exception of sesame oil which hit 800 SDG.

The Sudanese cabinet announced last Thursday that at the recommendation of the minister of finance and national economy that they are reducing the tax on cooking oils from 40 to 10% except palm oil.

The pro-government al-Rayaam newspaper quoted the chamber of industrial oils as blaming the government for the high oil prices and noting that it alerted the authorities three months ago about the looming crisis.

The chairman of the chamber said the situation is a result of speculation in the grain market as well as monopoly.

Head of the Chamber of Exporters Union Wagdy Mirghani hailed the cabinet decision, calling it a positive move and expressing hope that it will contribute to eliminating the shortage and return prices to normal levels.

He also denied any link between exports of oilseeds and the current crisis in cooking oil.

According to a bulletin issued by the Central Bureau of Statistics this month, the annual inflation rate in Sudan reached 46.8% in July, compared to 45.3% in June and 42% in May.

The International Monetary Fund (IMF) said in a report released last month that inflation is expected to drop sharply in 2014 to 18%, compared to 41.9% in 2013.

Double-digit inflation has been one of the most visible features of the Sudanese economy in recent years which suffered a shock after the secession of South Sudan which contained three quarters of oil reserves.

To makes matters worse, the government phased out subsidies twice in 2012 and 2013 on petroleum and food products, triggering demonstrations that were swiftly quelled.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.
  • 24 August 11:55, by ForAll

    New Sudanese generation is fed by hypocrisy and they eager to cheat their brothers and sisters in the market.

    repondre message

Comment on this article


 
 

The following ads are provided by Google. SudanTribune has no authority on it.


Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Referenda in Scotland and South Sudan told a tale of two cities 2014-09-21 06:01:02 By Mahmoud A. Suleiman September 20, 2014 - This article comes against the backdrop of the referendum in Scotland and southern Sudan in the years 2014 and 2011, respectively, and the result was (...)

Undermining South Sudanese expertise’s is ironical! 2014-09-19 10:15:59 By Peter Gai Manyuon September 18, 2014 - The recent order from the Ministry of Labor and Public Service in the Republic of South Sudan that was issued on 16th of September 2014 is absolute (...)

Sudan - Colliding interests 2014-09-16 10:04:11 By Mohamed Elshabik September 15, 2014 - Sudan seems to be unconcerned by the current political crisis in the region. Amid a prognosis of full-scale war in South Sudan, unrest in Egypt, chaos in (...)


MORE








Latest Press Releases


Sudan Democracy First Group: Art as resistance – art as resilience 2014-09-09 12:34:15 Sudan Democracy First Group Art as Resistance – Art as Resilience September 8, 2014 - To mark the third anniversary of the resumption of civil war in Blue Nile and Nuba Mountains/South Kordofan, (...)

Sudan: Those behind unlawful killings and torture of protesters must be brought to justice 2014-09-03 13:13:43 Amnesty International Sudan: Those behind unlawful killings and torture of protesters must be brought to justice The brutal suppression of protest in Sudan must end, and members of the security (...)

National Dialogue in Sudan: Past experiences and current challenges 2014-08-27 06:18:22 Sudan Democracy First Group (SDFG) Since independence, Sudan has undergone a number of national peace agreements, some of which were observed and honored for short periods, others which were (...)


MORE

Copyright © 2003-2014 SudanTribune - All rights reserved.